CMA, Sri Lanka – the national professional management accounting body incorporated by an act of Parliament in Sri Lanka – provides opportunities for students to undertake professional courses in management accounting at an affordable price.

Through the new agreement with Pearson VUE, the Foundation Programme consisting of five exam papers will be transformed from pencil-and-paper exams to CBT. This means that candidates will initially schedule their exams as per the date fixed by CMA and thereafter on-demand at a time and date of their choice, and sit the exam at a local, highly-secure Pearson VUE test centre in Sri Lanka, United Arab Emirates and Maldives.

The exams now being delivered via CBT are as follows: Management Accounting Fundamentals (MAF), Financial Accounting & Finance Fundamentals (FAF), Fundamentals of Management & Economics (FME), Quantitative Methods for Business (QMB) and Business English I (BE I).

Divyalok Sharma, senior director – client development at Pearson VUE, said: “I am delighted that the CMA’s candidates will now experience far greater convenience as they can now access our network of local test centres whenever they choose instead of travelling to a distant exam hall on one particular day.”

Professor Lakshman R. Watawala, president of CMA, Sri Lanka, said: “The transformation of our exams from pencil-and-paper to computer-based through our new partnership with the biggest name in global assessment delivery will both increase availability of the exams to our candidates and allow even greater levels of customer service and satisfaction.”

About Institute of Certified Management Accountants, Sri Lanka
Set up as the Society of Management Accountants in the year 1999 with the technical assistance of CMA Canada (now CPA Canada) was launched in June 2000. The Institute of Certified Management Accountants of Sri Lanka (CMA) was incorporated by the Act of Parliament No.23 of 2009 as the National Professional Management Accounting Institution in Sri Lanka coming under the Ministry of Industry & Commerce. Since its inception in June 2000, CMA has progressed to become a body with over 16,000 students and 2,400 members. The institute promotes the study and application of Management Accounting, Financial Accounting & Finance and Business Management through its Certified Management Accounting Study Programme leading to a Professional Management Accounting qualification.

CMA is a Member of the International Federation of Accountants (IFAC). This is of importance as IFAC is the apex organization of world-wide professional accounting bodies numbering 175 spread across 130 countries with a total membership of more than 3 million accountants covering public practice, government, industry, service, commerce and education. It is a member of the South Asian Federation of Accountants (SAFA), an Apex body of SAARC, thereby joining the fraternity of professional accounting bodies in India, Pakistan, Bangladesh, Nepal and Sri Lanka. CMA is represented on the SAFA Board. CMA is also a Member of the Confederation of Asian and Pacific Accountants (CAPA) consisting of Professional Accounting Bodies in the Asia & Pacific Region.

Those who aspire to CMA membership are required to successfully complete the CMA Professional Programme. On completion of all the relevant examinations, prescribed practical experience, and other requirements they could apply for Associate Membership (ACMA) and those with work experience at senior level for Fellow Membership (FCMA) of CMA. Through the Professional Programme they acquire a high level of competence which enables them to perform with distinction in the world of work, whether in industry, service or commerce, both in the private and state sectors, local and foreign.

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